PHX Minerals (NYSE:PHX) Shares Cross Above 200-Day Moving Average - Should You Sell?

PHX Minerals Inc. (NYSE:PHX - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.61 and traded as high as $4.00. PHX Minerals shares last traded at $3.97, with a volume of 79,782 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a research note on Thursday. They set a "hold" rating on the stock.

PHX Minerals Price Performance

The company has a market cap of $146.17 million, a PE ratio of 30.00 and a beta of 0.54. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $3.92 and a 200 day simple moving average of $3.62.

PHX Minerals (NYSE:PHX - Get Free Report) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $9.14 million for the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same period in the previous year, the business posted $0.07 earnings per share.

Institutional Trading of PHX Minerals

Institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new position in PHX Minerals in the 4th quarter valued at about $106,000. Empowered Funds LLC grew its holdings in shares of PHX Minerals by 4.9% in the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock valued at $541,000 after purchasing an additional 6,320 shares in the last quarter. Barclays PLC acquired a new position in shares of PHX Minerals in the third quarter valued at approximately $37,000. Geode Capital Management LLC increased its stake in PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock worth $1,023,000 after buying an additional 32,406 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 38.19% of the company's stock.

PHX Minerals Company Profile

PHX Minerals Inc operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company sells its products to various purchasers, including pipeline and marketing companies.